UPS Partners with Jumia to Expand its Logistics Services in Africa

Rhea-AI Summary

Jumia (NYSE:JMIA) has announced a strategic partnership with UPS to expand its logistics services across Africa. This collaboration will leverage Jumia's existing last mile logistics infrastructure, allowing UPS to enhance its delivery solutions for businesses and consumers. The initial implementation will target Kenya, Morocco, and Nigeria, with plans to extend services to Ghana and Ivory Coast. This partnership aims to support small and medium-sized businesses, potentially boosting their revenue growth through improved access to a global customer base.

Positive

• Partnership with UPS enhances delivery service capabilities in Africa.
• Access to Jumia's logistics platform could increase revenue opportunities for small and medium-sized businesses.
• Expansion plans to cover multiple African countries, indicating growth potential.

Negative

• None.

The leading pan-African e-commerce platform and the world's premier package delivery company will join forces to expand delivery services for businesses and consumers across the continent

LAGOS, NIGERIA / ACCESSWIRE / April 4, 2022 / Jumia (NYSE:JMIA) and UPS (UPS) announced today a partnership giving UPS access to Jumia's last mile logistics capabilities and infrastructure to grow its delivery services in Africa.

Leveraging the Jumia infrastructure in Africa, UPS will offer its customers an extended range of delivery solutions, including door to door package delivery and collection, with a variety of payment options. This partnership will also allow UPS to leverage the extensive network of Jumia drop-off and pick-up stations to expand the UPS reach and coverage across more towns and cities in Africa. The collaboration will initially cover Kenya, Morocco, Nigeria, with plans for expansion to Ghana and Ivory Coast, and thereafter to the remaining African countries where Jumia operates.

"At the beginning of our journey, 10 years ago, logistics infrastructure was one of the most challenging aspects of our operating environment. This challenge was a catalyst for us to build an unparalleled logistics platform in Africa offering our sellers and consumers reliable, convenient and cost-effective delivery services. Today, we are helping other businesses overcome these infrastructure challenges by giving them access to our logistics platform. We are delighted and humbled by the opportunity to partner up with UPS, a global logistics leader, to offer them last mile solutions in Africa. We view this as a validation of the strength of our logistics platform as well as an incentive to double down on our efforts to further enhance our services and build a world-class logistics business in Africa," said Apoorva Kumar, Senior Vice President Logistics, Jumia.

"This partnership will help small and medium-sized businesses in Africa that make up 90 percent of all businesses on the continent and are the backbone of the economy. UPS's asset-light approach, like the Jumia partnership, offers a pathway for businesses to quickly and reliably connect to new customers around the world through our global network, potentially accelerating their revenue growth," said Gregory Goba Ble, Vice President of Engineering and Operations for Indian subcontinent, Middle East and Africa, UPS.

About Jumia

We believe that technology has the potential to transform everyday life in Africa, for the better. We built Jumia to help consumers access millions of goods and services conveniently and at the best prices while opening up a new way for sellers to reach consumers and grow their businesses.

Jumia is a leading e-commerce platform in Africa. Our marketplace is supported by our proprietary logistics business, Jumia Logistics, and our digital payment and fintech platform, JumiaPay. Jumia Logistics enables the seamless delivery of millions of packages while JumiaPay facilitates online payments and the distribution of a broad range of digital and financial services.

For more information about Jumia, follow us on Twitter: Jumia_Group

Abdesslam Benzitouni
Group Head of Communication
abdesslam.benzitouni@jumia.com

About UPS

UPS (UPS) is one of the world's largest companies, with 2021 revenue of $97.3 billion, and provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. Focused on its purpose statement, "Moving our world forward by delivering what matters," the company's more than 534,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equality, and inclusion. More information can be found at www.ups.com, www.about.ups.com and www.investors.ups.com.

Contacts

UPS Media Relations: 404-828-7123 or pr@ups.com

SOURCE: Jumia Technologies AG

View source version on accesswire.com:
https://www.accesswire.com/695817/UPS-Partners-with-Jumia-to-Expand-its-Logistics-Services-in-Africa

FAQ

What is the new partnership between Jumia and UPS about?

Jumia and UPS have partnered to expand delivery services in Africa, leveraging Jumia's logistics to enhance UPS's offerings.

Which countries are initially covered by the Jumia and UPS partnership?

The partnership will initially cover Kenya, Morocco, and Nigeria, with plans to expand to Ghana and Ivory Coast.

How will the Jumia and UPS partnership benefit small businesses?

The partnership aims to improve access to logistics, helping small and medium-sized businesses connect to a broader customer base and potentially increase revenue.

What is Jumia's stock symbol?

Jumia's stock symbol is JMIA.

When was the Jumia and UPS partnership announced?

The partnership was announced on April 4, 2022.